The community of Curtí is a quite active community; as you drive or walk by there are shops alongside the road that sell staple crops and other seasonal agricultural products. There are a few new stores, a restaurant, and a bar. However, agriculture remains the main economic activity of the community. In spite of the hardworking and entrepreneurial spirit of the people of Curtí, they face many challenges to make their businesses grow and develop. The main one is the lack of access to credit from commercial/national banks, which limits the capacity for people of Curtí to better their economic opportunities for the future. This is why the community bank of Curtí has become successful. However, the bank still has the challenge to expand its financial services within the community, something that their leadership board has recently been strategizing.
The community bank of Curtí is located in the Alto Bayano region in Eastern Panama. The community of Curtí is a melting pot of Emberá, Guna and Latino people. Remarkably, this is one of the things that the community bank members of Curtí are very proud about, so much that they call their community bank “Las 3 Etnias”. In spite of having a relatively low membership (15), the community bank of Curtí has a very strong leadership. It was one of the first community banks to issue Kiva loans and it has also recently built their physical office. Curtí is part of another landmark with Global Brigades: they are starting the pre-savings program for the construction of sanitary units for this community, which is expected to benefit dozens of families whether they are part of the community bank or not. This continues to make of the Community Bank of Curtí a key actor for financial inclusion in the region.
The community bank of Curtí has a total annual revenue of $2,590.20 USD and its total profits reached $2,430.70 USD. For a small bank like Curtí, this is an outstanding performance, as it is within the top 10 most profitable community banks in Panama.
The community bank of Curtí won the prize for the best membership attendance at the Community Bank Summit in 2016.
The tasks thatCommunity Bank of Curtí has prioritized are:
Page Last Updated:June 25, 2020